A Limited Liability Partnership (LLP) is a form of entity whereby the partners have limited liability, or in simple words, they are not personally liable for the liabilities of the business.
Partnerships and LLPs are much the same with one difference that in Partnerships liability of partner is unlimited whereas in LLP the liability of partners is limited and therefore therefore protect the business owner’s personal assets. LLPs also have some filing and compliance requirements for Companies House such as filing of Annual Accounts and Confirmation Statement.
There are a lots of compliance requirements, however the good news is that we take care of all of them which gives you peace of mind and you can use your time and energy for growth of your business.
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